Blog | A loan company and hard money lender serving the Denver-metro area.

Real Estate Flip of the Month – June 2021

Written by Indicate Capital on June 23, 2021. Posted in Real Estate Flips.

Purchased: February 2021 @ $255,000
Sold: June 2021 @ $475,000
Location: Westminister, Colorado

Project Details:
This beautiful brick ranch is located in Westminister, CO. It features 5 bedrooms and two full bathrooms. The open floorplan and finished basement made this project a quick mover. Here are some more of the project highlights…

New flooring
Fresh paint
Updated appliances
New A/C unit
New water heater
Updated counters & cabinets
& more!

The finished product looks great and we are looking forward to the next deal from this borrower!

The Indicator Real Estate Market Update – June 3, 2021

Written by Indicate Capital on June 3, 2021. Posted in Uncategorized.

With vaccination rates up, our world is finally opening back up. Restaurants are filling up, businesses are re-opening, and the real estate market is booming. We are still experiencing extremely high demand here in Colorado, with very low inventory. Properties are selling anywhere from $30,000 to $100,000 over asking price, and the bidding wars are intense. Average days on market are very low, with properties turning nearly overnight. Investors are frustrated with the lack of inventory, and difficulty of locking down deals. Wholesalers still seem to be buying up the majority of inventory, but still not the same volume seen in the past. Access to off market deals has become even more important, and investors are getting creative to obtain their next deal.

It is always hard to say what the future holds, but we can be nearly certain that our market must soften at some point in the next year or so. We are passing more and more regulations on real estate investors, rental owners, private finance groups, and the industry as a whole. That, combined with interest rates beginning to creep back up and lenders working through bad loans due to the pandemic, should provide a softening in the market and growth in inventory.

All this being said, it is a great time to invest. Successful projects are yielding strong profit margins, regardless of rising material costs and the barrier to entry. Time is of the essence, and so is having a strong, vetted team to complete projects promptly.

Here at Indicate Capital, we pride ourselves on providing the best private financing experience possible.

We would love to chat with you about your next deal!
Give us a call at (303) 567-6334!

Project Type: Fix and Flip
Address: 11436 W 26th Pl
City: Lakewood
Count: 5 bed/ 2 bath
Square Footage: 2,521 sq ft
Loan Type: Purchase and Rehab Financing

Project Type: Acquisition
Address: 6422 S Spotswood St
City: Littleton
Count: 4 bed/ 2 bath
Square Footage: 1,861 sq ft
Loan Type: Acquisition Only Financing

Purchased: December 2020
Cost: $570,000
Sold: May 2021
Price: $815,000
City: Lakewood

SFR Real Estate Numbers

Denver County (Colorado Association of Realtors, April 2021)

New Listings – 870
Sold Listings – 767
Median Sales Price – $650,000
Average Sale Price – $776,559
% of List Price Received – 105.5%
Average Days on Market – 9 days

Denver County (Colorado Association of Realtors, March 2021)

New Listings – 837
Sold Listings – 705
Median Sales Price – $630,000
Average Sale Price – $791,855
% of List Price Received – 104.1%
Average Days on Market – 16 days

Denver County (Colorado Association of Realtors, February 2021)

New Listings – 624
Sold Listings – 517
Median Sales Price – $585,000
Average Sale Price – $729,340
% of List Price Received – 102.8%
Average Days on Market – 21 days

Denver County (Colorado Association of Realtors, January 2021)

New Listings – 557
Sold Listings – 439
Median Sales Price – $530,000
Average Sale Price – $689,256
% of List Price Received – 100.7%
Average Days on Market – 24 days

Denver County (Colorado Association of Realtors, December 2020)

New Listings – 395
Sold Listings – 692
Median Sales Price – $548,250
Average Sale Price – $701,699
% of List Price Received – 100.4%
Average Days on Market – 20 days

Denver County (Colorado Association of Realtors, November 2020)

New Listings – 484
Sold Listings – 726
Median Sales Price – $566,250
Average Sale Price – $709,124
% of List Price Received – 100.5%
Average Days on Market – 18 days

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Looking for your next deal? Check out New Western Acquisitions! They specialize in finding off market properties for investors just like you!

New Western Acquisitions is a national wholesaler that provides a wide range of investment real estate inventory for the local real estate investor.

Check them out today!
720.547.9617
www.newwestern.com

Apply now to start the private lending process.
Do you have questions? Contact our originators today at Indicate Capital!

Tyler Ideker
Jesse Kajer
Davis Butler
Max Miller

303.567.6334
[email protected]

APPLY NOW

Real Estate Flip of the Month – May 2021

Written by Indicate Capital on May 18, 2021. Posted in Real Estate Flips.

Purchased: December 2020 @ $570,000
Sold: May 2021 @ $815,000
Location: Lakewood, Colorado

Project Details:
Beautiful large lot and a completely updated ranch-style home with finished basement. The floorplan was opened up on the main level to create an updated kitchen and breakfast bar. The home features two bedrooms on the main level including the master suite. The lower level has a wet bar for entertaining, a fireplace, and another bedroom with a bathroom.

The property has both an attached and detached garage for a total of 4 indoor parking spaces. Two sheds are also included so there is no shortage of storage space.

This fix and flip project turned out great and Indicate Capital was thrilled to be a part of the project.

Before After

The Indicator Real Estate Market Update – May 5, 2021

Written by Indicate Capital on May 4, 2021. Posted in The Indicator.

With the COVID vaccination available to the masses, our world seems to be opening back up and getting back to normal. That being said, our real estate market is far from normal. Inventory is still at an all-time low, average days on market are typically 1-4 depending on the county, and properties are selling for well over the asking price in extreme bidding wars. The rental market is becoming stronger as more and more people are pushed out of buying and forced to rent given our current pricing and inventory. Wholesalers still seem to be grabbing most of the off-market projects, and investors are forced to compete with each other on already overpriced homes.

With inventory so low, and demand so high, investors are forced to get creative in order to find new deals. The market is so competitive, and investors are growing frustrated with the lack of inventory. Ideally, we will start to see inventory open up over the next year, as we work through this bizarre COVID cycle. It is pretty safe to assume our market is not going to crash, but it has to taper off or plateau sooner than later.

Lending is just like any commodity…you get what you pay for. Sure you can find hard money lenders offering near bank rates, but with that comes very difficult processes and even poorer customer service. Although we are still very competitive with the current lending environment, our clients do not give in to the other offers that may save a grand or two, and would rather work with us after building a strong, long-lasting relationship and witnessing our top-of-line products and service.

We continue to pride ourselves not only as one of Colorado’s premier private lenders but with our customer service and refined processes.

We would love to chat with you about your next deal!
Give us a call at (303) 567-6334!

Project Type: Fix and Flip
Address: 6727 E Heritage Pl
City: Centennial
Count: 3 bed/ 3 bath
Square Footage: 3,655 sq ft
Loan Type: Acquisition Only

Project Type: Fix and Flip
Address: 1201 Steele St
City: Denver
Count: 2 bed/ 1 bath
Square Footage: 1,389 sq ft
Loan Type: Acquisition and Rehab Financing

Purchased: January 2021
Cost: $276,000
Sold: April 2021
Price: $450,000
City: Aurora